- Trader Tools in HAT
- Heads up Display (HUD)
- Instant Warning System (IWS)
- News Watch Dog
- Timeframes & Currency Pair Selection
- Last Trade Taken Visuals
- Audio and Visual Alerts
- Split Positions
- Allowed Trading Times
- Auto Stop Management
- Risk-Control Features
- Maximum allowed lot size
- Maximum Risk Percentage
- Maximum Positions Opened
HAT was created by some very innovative developers who saw the need for an EA with better probability than some of the automated trading tools in the market place. Based on the harmonic trading pattern method, this pioneering concept has proven to be a boon to traders who have little time to spend trawling charts for trading opportunities. It has unparalleled features:
Heads Up Display (HUD)
The Heads Up Display (HUD) is a graphical representation for traders to know what's going on with any specific trade. Just attach the HUD to any chart with a HAT trade and you will instantly be given information on the risk vs reward to your first target (a critical number for your overall success and risk management) as well as pip counts, the pattern, timeframe and other target information.
Instant Warning System (IWS)
The instant warning system is an EA that you attach to any one chart you choose and you'll be notified on all of the HAT's actions. You will be notified when a trade is entered and given details in an email about the position including the stop, the currency pair and time frame. You will also be notified when stops are moved to breakeven and your risk is removed. Not only that, you will be emailed again when the trade has approached your first target where you can start profiting and perhaps take the trade off the table. It's up to you if you want to remove all of it, or part of it. We recommend watching the 4 day trade management video included with the HAT purchase.
News Watch Dog
Auto Protection from News Releases
The news watch dog will prevent any new trades firing off from news. In a statistical study earlier in the year, harmonic patterns with PRZ's where news was fired off did not present the most desirable results. 15 minutes before predicted news, no new trades will be entered to prevent any sporadic movements to protect you, the trader. We are unable to allow for unpredicted news.
Timeframes & Currency Pair Selection
Preferred Pattern Filters
You can control which currency pairs and which time frames are traded with the harmonic auto trader! Want to trade just the 4 majors, you can do that! Would you like to just trade only the 30M and 1H time? You can also do that.
Last Trade Taken Visuals
Historical MT4 Trades
The HAT Assistant will show the last trade taken and it will appear right there on your trading screen within your MT4 platform. If you had filtered out other patterns or trades, this feature gives you the ability to remember the last signal produced by the HAT.
Audio and Visual Alerts
Get notified of trades!
We put you in control to decide if you want MT4 to alert you via an audible alert or a popup box when a new trade is entered. You will also get an email (see the Notification EA features for more information).
Splitting up Positions
If you would like to split the trades into multiple parts, enter the number of positions here to a max of 3 seperate positions. If you enter 2, TWO separate positions will be opened, allowing you to place separate take profits etc as requested.
Allowed Trading Times
What time do you want the HAT to trade?
If you would like to automatically allow/disallow trading on certain days or times set this to "TRUE". When set, you can allow any particular day and time to allow for trades to be executed. For example, this can be used if you do not want to be trading in the last 4 hours of the week, or at the start of the week within the first 4 hours.
Want to move stops automatically?
Set stop management to automatic to move stops to breakeven when the HAT feels like the risk should be reduced. This is done by auto calculations once a trade is profitable and is at a predetermined point.
Controlling Risk is our Priority!
Control each trade so that you only risk a predetermined percentage for every trade. Your lot size will be automatically calculated for you based on the size of every trade. No longer will you have to calculate this yourself; its' built right into the Harmonic Auto Trader and HAT will do this for you.
Maximum Allowed Lot Size
Lot size control limits
Will ensure you do not enter positions above a certain amount, even though your risk as calculated will allow you to - ie, if risk allows you 2 standard lots, but your MaxLots is set to 1, then only the 1 lot is opened.
Maximum Risk Percentage
What is the max you wish to risk?
You have the ability to hard code the Harmonic Auto Trader to use a maximum amount of risk per trade in a percentage of the balance of your account.
Maximum Positions Opened
Control how many trades you have at once.
You can hold the power on the maximum number of positions opened at any one given time. We've even programmed the HAT so that it includes split positions.